Sub rescue service for Singapore Navy

James Fisher Defence Limited (JFD), a subsidiary of James Fisher in the UK (FSJ), has, with its partner Singapore Technologies Marine Ltd (ST Marine), been selected jointly to deliver a comprehensive submarine rescue service to the Republic of Singapore Navy (RSN).

Under the contract, ST Marine and JFD will design, build, operate and maintain a fully integrated mother ship and submarine rescue system. JFD will design and supply the complete submarine rescue system including a new rescue submersible, handling systems and a decompression facility and operate and maintain the rescue assets throughout the 20-year life of the contract.

The operating and maintenance contract is estimated to replace the revenue and net earnings from JFD?s current contract to operate the UK Submarine Rescue system, which is expected to come to an end in 2008.

The new DSAR submarine rescue vehicle is from the same family of designs as the vehicle contracted in November 2006 to the Republic of Korea Navy (ROKN) and the existing vehicle operated by JFD as part of the United Kingdom Submarine Rescue System (UKSRS).

The contract, which will run until 2029, follows shortly on the announcement of the company?s success in Korea and its acquisition of the UK submarine rescue service assets and further demonstrates JFD?s increasing presence in the global submarine rescue market.